FXY vs SPY
Comparison between Invesco CurrencyShares Japanese Yen Trust (FXY, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed FXY, delivering a return of +13.3% compared to -7.8%
FXY vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
FXY vs SPY - Historical Returns
Returns include dividend reinvestment.
FXY vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FXY | SPY |
|---|---|---|
| 2026 | -2.18% | +8.26% |
| 2025 | +0.20% | +18.00% |
| 2024 | -10.24% | +25.59% |
| 2023 | -7.66% | +26.72% |
| 2022 | -12.55% | -18.64% |
| 2021 | -10.98% | +30.52% |
| 2020 | +4.51% | +17.28% |
| 2019 | -0.25% | +31.09% |
| 2018 | +1.92% | -5.24% |
| 2017 | +3.99% | +20.78% |
| 2016 | +1.78% | +13.59% |
| 2015 | -0.11% | +1.31% |
| 2014 | -12.91% | +14.56% |
| 2013 | -17.46% | +29.00% |
| 2012 | -12.01% | +14.17% |
| 2011 | +5.79% | +0.85% |
| 2010 | +13.59% | +13.14% |
| 2009 | -1.09% | +22.67% |
| 2008 | +20.73% | -36.25% |
| 2007 | +8.36% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
FXY vs SPY Drawdown Comparison
The maximum drawdown for FXY was -56.03%, occurring on Jul 10, 2024. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FXY drawdown is -55.95%. The current SPY drawdown is -2.90%.
| Rank | FXY | SPY |
|---|---|---|
| #1 | -56.03% Oct 28, 2011 - Jul 10, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -13.65% Dec 17, 2008 - Nov 27, 2009 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -12.05% Mar 17, 2008 - Oct 23, 2008 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -8.76% Nov 30, 2009 - Aug 3, 2010 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -7.63% Mar 17, 2011 - Jul 20, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -6.54% Mar 5, 2007 - Aug 16, 2007 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -6.40% Nov 26, 2007 - Jan 15, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -6.30% Oct 27, 2008 - Dec 1, 2008 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.53% Oct 29, 2010 - Mar 16, 2011 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -3.62% Sep 7, 2007 - Nov 7, 2007 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -3.21% Sep 14, 2010 - Oct 6, 2010 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -2.69% Jul 29, 2011 - Aug 9, 2011 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -1.91% Aug 16, 2007 - Sep 7, 2007 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -1.87% Feb 15, 2007 - Feb 27, 2007 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -1.80% Jan 30, 2008 - Feb 27, 2008 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FXY and SPY is -0.81 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
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